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Vermilion Energy Inc T.VET

Alternate Symbol(s):  VET

Vermilion Energy Inc. is a Canada-based international energy producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. The Company’s operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia. The Company operates through seven geographical segments: Canada, the United States, France, Netherlands, Germany, Ireland, and Australia. In Canada, the Company is a key player in the highly productive Mannville condensate-rich gas play. It holds a 100% working interest in the Wandoo field, offshore Australia.


TSX:VET - Post by User

Post by divime1on Sep 26, 2021 8:17pm
154 Views
Post# 33921463

Nat Gas Price in Europe

Nat Gas Price in Europe

European gas prices have soared in recent weeks, climbing to a high of $25 per million British thermal units (chart 1, left panel). A number of factors, from Russian supply bottlenecks to a lack of wind in the North Sea, caused the spike. As winter approaches, the countries most dependent on gas—for heating homes and generating electricity—could be feeling the chill.

Even before the recent price surge, gas was in short supply. A prolonged northern-hemisphere winter meant that European countries ran down reserves, leaving their stocks 25% below the historic average (chart 1, right panel). Disruptions of imports piped from Russia and Norway, which supply nearly half of Europe’s gas, made inventories hard to replenish. The flow from Norway was limited because of work on improving the country’s infrastructure; a fire at a processing plant in Siberia and the need to refill their own tanks after a brutal winter throttled Russian output.

 


https://www.economist.com/graphic-detail/2021/09/20/what-is-behind-rocketing-natural-gas-prices

European gas prices have soared in recent weeks, climbing to a high of $25 per million British thermal units (chart 1, left panel). A number of factors, from Russian supply bottlenecks to a lack of wind in the North Sea, caused the spike. As winter approaches, the countries most dependent on gas—for heating homes and generating electricity—could be feeling the chill.

Even before the recent price surge, gas was in short supply. A prolonged northern-hemisphere winter meant that European countries ran down reserves, leaving their stocks 25% below the historic average (chart 1, right panel). Disruptions of imports piped from Russia and Norway, which supply nearly half of Europe’s gas, made inventories hard to replenish. The flow from Norway was limited because of work on improving the country’s infrastructure; a fire at a processing plant in Siberia and the need to refill their own tanks after a brutal winter throttled Russian output.

 
 
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